price support

noun

: artificial maintenance of prices (as of a raw material) at some predetermined level usually through government action

Example Sentences

Recent Examples on the Web

Bitcoin, Ethereum and XRP managed to hold above key price support levels during March and have rallied semi-vigorously. —John Navin, Forbes, 27 Mar. 2022

So far, right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. —Benjamin Mueller, New York Times, 29 Feb. 2020

Yet despite taxpayer funding of these efforts, Azar speculated that vaccines might not be affordable to all and dismissed the idea of using price supports to ensure that poor people would have access to the vaccine. —Gavin Yamey, STAT, 5 Mar. 2020

Right-wing populist parties have largely benefited from new divisions in the electorate over housing, with people living in areas untouched by the boom in property prices supporting causes like Brexit in greater numbers. —Benjamin Mueller, BostonGlobe.com, 29 Feb. 2020

The 1933 Agricultural Adjustment Act, part of the Depression-era New Deal, introduced government price supports, paying farmers to leave grain and cotton fields idle and shrink hog herds. —Jacob Bunge, WSJ, 26 July 2018

The drug maker has argued that pricing supported further innovative research. —Ed Silverman, STAT, 7 Nov. 2019

Then, the same government responds to the farmers’ plight with a barrage of handouts, price supports, subsidized loans and debt-relief measures for them, which many other countries also do. —Krishna Pokharel, WSJ, 14 Jan. 2019

Farmers and supporters rally in 1983 in Iowa, seeking price supports for crops and a moratorium on farm foreclosures. —Jacob Bunge, WSJ, 26 July 2018

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Word History

First Known Use

1927, in the meaning defined above